American Tower Corporation $AMT is Vert Asset Management LLC’s 6th Largest Position

Vert Asset Management LLC boosted its stake in shares of American Tower Corporation (NYSE:AMT) by 10.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 103,122 shares of the real estate investment trust’s stock after purchasing an additional 9,872 shares during the period. American Tower makes up approximately 6.7% of Vert Asset Management LLC’s portfolio, making the stock its 6th biggest holding. Vert Asset Management LLC’s holdings in American Tower were worth $19,832,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Blossom Wealth Management raised its position in shares of American Tower by 1.8% in the 2nd quarter. Blossom Wealth Management now owns 2,601 shares of the real estate investment trust’s stock worth $575,000 after buying an additional 45 shares during the period. TFG Advisers LLC lifted its holdings in shares of American Tower by 0.3% during the 2nd quarter. TFG Advisers LLC now owns 16,186 shares of the real estate investment trust’s stock valued at $3,578,000 after acquiring an additional 47 shares in the last quarter. Novem Group boosted its position in shares of American Tower by 3.8% in the second quarter. Novem Group now owns 1,316 shares of the real estate investment trust’s stock worth $291,000 after buying an additional 48 shares during the period. Analyst IMS Investment Management Services Ltd. boosted its holdings in American Tower by 3.6% in the 2nd quarter. Analyst IMS Investment Management Services Ltd. now owns 1,370 shares of the real estate investment trust’s stock worth $303,000 after acquiring an additional 48 shares during the period. Finally, Marion Wealth Management grew its holdings in American Tower by 0.8% during the 2nd quarter. Marion Wealth Management now owns 5,924 shares of the real estate investment trust’s stock valued at $1,309,000 after purchasing an additional 48 shares in the last quarter. 92.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AMT has been the topic of several recent analyst reports. New Street Research upgraded American Tower from a “neutral” rating to a “buy” rating and set a $203.00 price target on the stock in a research note on Monday, January 5th. Argus set a $210.00 price target on shares of American Tower in a research report on Thursday, October 30th. Wall Street Zen upgraded American Tower from a “sell” rating to a “hold” rating in a research report on Sunday, October 12th. UBS Group restated a “buy” rating on shares of American Tower in a research report on Tuesday. Finally, Wells Fargo & Company lowered their price objective on shares of American Tower from $210.00 to $200.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 29th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $219.21.

Insider Buying and Selling at American Tower

In other news, major shareholder Tower Corp /Ma/ American sold 2,288,621 shares of American Tower stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $69.75, for a total transaction of $159,631,314.75. Following the transaction, the insider owned 211,379 shares in the company, valued at approximately $14,743,685.25. The trade was a 91.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Eugene F. Reilly acquired 5,554 shares of American Tower stock in a transaction that occurred on Friday, October 31st. The stock was acquired at an average cost of $178.99 per share, with a total value of $994,110.46. Following the completion of the purchase, the director owned 5,689 shares in the company, valued at approximately $1,018,274.11. This represents a 4,114.07% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.18% of the stock is owned by insiders.

American Tower Trading Down 1.8%

Shares of NYSE:AMT traded down $3.30 during midday trading on Tuesday, reaching $180.27. The company had a trading volume of 703,527 shares, compared to its average volume of 2,755,503. The company has a fifty day simple moving average of $177.94 and a two-hundred day simple moving average of $192.76. The firm has a market cap of $84.39 billion, a price-to-earnings ratio of 28.77, a price-to-earnings-growth ratio of 0.74 and a beta of 0.92. American Tower Corporation has a 1-year low of $166.88 and a 1-year high of $234.33. The company has a debt-to-equity ratio of 3.24, a quick ratio of 0.89 and a current ratio of 0.89.

American Tower (NYSE:AMT) last posted its quarterly earnings data on Tuesday, October 28th. The real estate investment trust reported $2.78 EPS for the quarter, beating analysts’ consensus estimates of $2.64 by $0.14. The company had revenue of $2.72 billion during the quarter, compared to analyst estimates of $2.65 billion. American Tower had a net margin of 28.11% and a return on equity of 28.79%. The business’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the firm earned $2.52 earnings per share. American Tower has set its FY 2025 guidance at 10.600-10.720 EPS. Research analysts predict that American Tower Corporation will post 10.14 earnings per share for the current year.

American Tower Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Monday, December 29th will be given a dividend of $1.70 per share. This represents a $6.80 annualized dividend and a yield of 3.8%. The ex-dividend date is Monday, December 29th. American Tower’s payout ratio is presently 108.63%.

American Tower Profile

American Tower (NYSE: AMT) is a real estate investment trust (REIT) that owns, operates and develops wireless and broadcast communications infrastructure. The company’s core business is leasing space on communications sites — including towers, rooftops and other structures — to wireless carriers, broadcasters, government agencies and enterprise customers. Its business model centers on long-term site leases and contracts that provide recurring revenue tied to the footprint and density of wireless networks.

Beyond traditional tower assets, American Tower offers a range of infrastructure and network services to support mobile, broadband and broadcast connectivity.